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Nobleoak LifeASX:NOL 48 Equity-to-Asset is 0.16 as of Dec. 2025, which is 38% below its 10-year median of 0.26. GuruFocus rates ASX:NOL with a GF Score™ of 48/100 and a GF Value™ of A$1.75 (Significantly Undervalued). The stock has 2 warning signs investors should review. Among 506 Insurance companies, Nobleoak Life ranks worse than 70.55% on this metric.
Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Nobleoak Life's Total Stockholders Equity for the quarter that ended in Dec. 2025 was A$95.5 Mil. Nobleoak Life's Total Assets for the quarter that ended in Dec. 2025 was A$600.6 Mil.
Therefore, Nobleoak Life's Equity to Asset Ratio for the quarter that ended in Dec. 2025 was 0.16.
The historical rank and industry rank for Nobleoak Life's Equity-to-Asset or its related term are showing as below:
ASX:NOL'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.15 Med: 0.26 Max: 0.86
Current: 0.16
During the past 4 years, the highest Equity to Asset Ratio of Nobleoak Life was 0.86. The lowest was 0.15. And the median was 0.26.
ASX:NOL's Equity-to-Asset is ranked worse than 70.55% of 506
companies
in the Insurance industry
Industry Median: 0.265
vs ASX:NOL: 0.16
Nobleoak Life (ASX:NOL) Equity-to-Asset Explanation
Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.
For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.
Nobleoak Life Equity-to-Asset Related Terms
Nobleoak Life Equity-to-Asset Historical Data
* Premium members only.
The historical data trend for Nobleoak Life's Equity-to-Asset can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
ASX:NOL vs AFL, MET, PRU: Equity-to-Asset Comparison
For the Insurance - Life subindustry, Nobleoak Life's Equity-to-Asset, along with its competitors' market caps and Equity-to-Asset data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Nobleoak Life Equity-to-Asset vs Insurance Industry
For the Insurance industry and Financial Services sector, Nobleoak Life's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Nobleoak Life's Equity-to-Asset falls into.
Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.
Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.
Nobleoak Life's Equity to Asset Ratio for the fiscal year that ended in Jun. 2025 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Nobleoak Life (ASX:NOL) has a Equity-to-Asset of 0.16 as of Dec. 2025. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Nobleoak Life and its competitors. This is 38% below median its historical median of 0.26. Over the past decade, Nobleoak Life's Equity-to-Asset has ranged from 0.15 to 0.86. According to the industry distribution chart, Nobleoak Life ranks #357 out of 506 companies in the Insurance industry, placing it in the top 70.6%.
Is Nobleoak Life's Equity-to-Asset too high?
Nobleoak Life's current Equity-to-Asset of 0.16 is 38% below median its 10-year median of 0.26. Over the past 10 years, this metric has ranged from a low of 0.15 to a high of 0.86. The Insurance industry median Equity-to-Asset is 0.27. Nobleoak Life's value of 0.16 is 39.6% below this industry median. Based on the distribution chart, Nobleoak Life ranks #357 out of 506 companies in the Insurance industry, which is below the industry midpoint. Overall, Nobleoak Life has a GF Score™ of 48/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Nobleoak Life's Equity-to-Asset compare to AFL and MET?
According to the Insurance industry distribution chart, Nobleoak Life ranks #357 out of 506 companies for Equity-to-Asset. This places Nobleoak Life in the lower half of its industry. The industry median Equity-to-Asset is 0.27. Nobleoak Life's value of 0.16 is 39.6% below this benchmark. Historically, Nobleoak Life's own Equity-to-Asset has ranged from 0.15 to 0.86 over the past decade. While the company's 10-year median is 0.26 vs. the industry median of 0.27, Nobleoak Life has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Equity-to-Asset for an Insurance company?
The median Equity-to-Asset among Insurance companies is 0.27, based on 506 companies in the industry. Companies in the top quartile (top 25%) have a Equity-to-Asset significantly above this median, while those in the bottom quartile fall well below. However, Equity-to-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Nobleoak Life's current Equity-to-Asset of 0.16 is 39.6% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Equity-to-Asset mean?
A high Equity-to-Asset can signal that a stock is expensive relative to its fundamentals. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Nobleoak Life and its competitors. For the Insurance industry, the median Equity-to-Asset is 0.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nobleoak Life's current Equity-to-Asset is 0.16, which is 38% below median its own 10-year median of 0.26. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nobleoak Life stock overvalued right now?
Based on GuruFocus' analysis, Nobleoak Life (ASX:NOL) is currently considered Significantly Undervalued. The stock's GF Value™ is A$1.75, compared to a current price of A$1.12 — trading 36% below its estimated fair value. The current Equity-to-Asset is 0.16, which is 38% below median its 10-year median of 0.26 and 39.6% below the Insurance industry median of 0.27. Nobleoak Life's overall GF Score™ is 48/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Equity-to-Asset calculated?
Equity-to-Asset is calculated from a company's financial statements. For Nobleoak Life (ASX:NOL), the current Equity-to-Asset is 0.16 as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Nobleoak Life (ASX:NOL) Overvalued in 2026?
Based on GuruFocus' analysis, Nobleoak Life stock appears to be undervalued.
The current stock price of A$1.12 is trading 36% below its estimated GF Value™ of A$1.75.
GuruFocus considers Nobleoak Life to be Significantly Undervalued.
Key valuation signals for ASX:NOL:
Equity-to-Asset: 0.16 (38% below median its 10-year median of 0.26)
GF Value™: A$1.75 vs. price of A$1.12 (36% below fair value)
Industry Position: 39.6% below the Insurance median (#357 of 506)
No single metric tells the full story. See the ASX:NOL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nobleoak Life Ltd is involved in the manufacture and distribution of Life Insurance products (including death, total and permanent disability, trauma, income protection and business expenses insurance) through both its Direct and Strategic Partner (Advised) channels. The company's segments include Direct Business, Strategic Partnerships, and Genus. It generates maximum revenue from the Direct segment.
48GF Score
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